Wary lenders, a watchful government and activist investors scrutinizing every move. Add to the mix infighting among prospective buyers, including a consortium involving more than 20 different Japanese companies and financial institutions.
It’s no wonder that Toshiba’s buyout decision was delayed for months.
The rocky road to the storied conglomerate’s $15 billion (¥1.96 trillion) sale to a group led by private equity firm Japan Industrial Partners is raising fresh doubts about Toshiba’s ability to navigate a fast-changing tech landscape, given all the competing interests tugging at it.